Although COVID-19 whacked away-from-home sales at hotels, restaurants and the like in 2019-20, Florida’s Natural posted record net sales and its growers received strong returns on their fruit. “Our results were better than expected,” said Frank Hunt III, chairman of the nation’s third largest orange juice producer.
Chief Financial Officer Chip Hendry pegged the cooperative’s historical high net sales at almost $470 million, about 12 percent higher than 2018-19 net sales of approximately $420 million.
For the full article on CitrusIndustry, please click here.